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Dec
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Texas Daily Ag Market News Summary

Posted 86 days ago ago by Administrator Account

Daily Market Summary for December 11th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!



Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading has been mostly inactive on very light demand in all feeding regions. Not enough purchases for a market trend. In the Southern Plains the last reported market was on Tuesday with live purchases at 108.00. In the Western Cornbelt Wednesday was the last reported market with live purchases from 104.00-105.00 and dressed purchases at 168.00. Last week in Nebraska live purchases traded at 110.00 and dressed purchases traded from 172.00-174.00.

      

Negotiated Sales:

Confirmed:             1,290

Week Ago:              2,257

Year Ago:              19,588

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  12,900

Weighted avg. weight:       875 lbs.

Weighted avg. net price:    176.96

        

Cattle Slaughter under Federal Inspection:

Friday (est)                          118,000

Week ago (est)                   117,000

Year ago (act)                     123,000

Week to Date                      592,000

Same Period Last Week    598,000

Same Periond Last Year    614,000

Previous Day (est)

Steers & Heifers:  94,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 213.88… -0.71

Select:  195.71… -2.76

Choice/Select Spread: 18.17

Total Load Count: 131

            

Cutter Cow Cutout:

167.26… -1.53

   

CME Feeder Cattle Index for December 9th:

137.11… -0.09

            

Futures Settlements…

Live Cattle:

December: 108.75… +0.83

February: 113.25… +1.40

April: 117.37… +1.40

   

Feeder Cattle:

January: 139.72… +2.12

March: 140.55… +1.30

April: 141.90… +1.18